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The question both appears in number (16, 17)of the question. managerial accounting 16. (8 points) Pharmaceutical Co. manufactures a single tablet medication for retail sale.

The question both appears in number (16, 17)of the question. managerial accounting

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16. (8 points) Pharmaceutical Co. manufactures a single tablet medication for retail sale. For the current period the following information is given: Beginning Work-in-process for 30,000 units: Direct material: 100% completed $ 71,000 Conversion: 30% completed 65,680 Units started this period 400,000 Ending Work in process for 20,000 units: Direct material: 100% completed Conversion: 60% completed Cost incurred during this period: Direct materials $ 660,000 Conversion $ 883,820 a. Calculate Pharmaceutical's physical flow of units, equivalent units, cost per equivalent unit and assign costs to Finished Goods and Ending Work-in-Process inventories using the Weighted Average method of process costing. Clearly indicate the costs assigned to inventory categories

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